New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-19
AN AGED BANKER SWINDLED
SIX THOUSAND DOLLARS IN BONDS LOST.

PRETENDFD BOOK AGENTS SUCCEED IN DUPING A
CAUTIOUS BUSINESS MAH IN NEwBURG.
HEwBURG Nov. 1S (Spectab. One OF the liveliest
sensations created In this city caused this afternoon
ny the dupng OF Captain Thomas c. Ring the treasurer
OF the Newburg Savings Bank. by two confidence
operators who after fleeing him out OF 900 managed
10 escape before the police could be warned Mr. Ring
Is eightythree years old and has been connected with
Newbnrg banks fifty three years being the treas
urer OF the Newburg Savings Bank for the last thirty
years OF that time. He has always been held In the
highest esteem by citizens OF this city. When he first
entered the savings bank the total deposits OF he
Germ were only about S2s 600 Owing TO the most
iui management, judlcous investments and the conf
dence OF the public, the bank ranks one OF the
leading institutions OF its kind In the country. It's
sources now wed up in the millions Its president
or quarter OF century has been ex-senator Daniel b.
ST. John. The loss to Treasurer Ring is, however his
Individual loss, the money is his private
fortune which is sufficiently ample TO stand several such
drafts upon It, lie lives in a commodlous house in
Grandst No man regular in his journeys
TO and from his house and the bank and the asonish-
mcnt Is great to know that he could be entrapped by
stranger into n ell-plsnncd swndlc.
The scheme a bold one. Tho two rogues engaged
room at Mrs. Isaac Bodncs boarding house, No ID
Montgomeryst. at about noon. One OF them, who rep
Resented himself as Mr.. Ramsdcl. relative of the
Ransdels here. met Mr.. Ring in Secondst or course
he had just bought two copies of the new history OF
Orange County. published by Boston rIH. II Mr. Ring
would go with him he would him present OF one
copy, not needing both Mr. Ring thanked him and
along for the walk
At the room the book agent doing rushing busi
ness Big packages of genuine bank notes spread
upon the table other papers and the two lucky
history owners Informed that with the books they
had each drawn $4,000 in prizes The books had not
yet been received from the publishers hut when they
came would be sent the house. Unless they could
satisfy the agent that they worth equal amount
more they could he paid the money. The agent
said that he acting for others and be satisfied
that he could recover if any mistake made Then
Mt Ring and his newly made acqulintance went ont
for their collateral. Mr. Ring returned with Sl2 900
ETic railway bonds and Ncwburg Ga, Light stock, but
a. the agent did not know their value they were not
accepted He wanted town. city or Government bonds
Then Ring again went to his bank two blocks OIL aud
returned with $4,000 Of Albany city coupon bonis.
When he reached the house second time ne fOuni Mr.
Iam-dcl there. and the book agent informed him that
lis securities had been seen and were satisfactory.
Mt Ring threw his bo:ls down upon the table. but
never again took them mp II proposed to Ring 10
try the drawing again. lua~nuch they had been 80
fortunate. He dcmurrd to this and said hr had drawn
enough Then Eamsdcil tnOk the cards from Ring aud
drew for him. and when the numbers the ctrds had
been figured mp Mr. Ring and Ramsdell were informed
they had both lost Mr. Ring then accused Ramsdcll of
being n league with the book AGENT and IN the turmoil
that followed Rings bonds and money the table dis
appeared Ring threatened tn have cn arrested. and
the book said bad ~ the other ana no
would accompany them To the police station Al then
LETT the house. and Mr. Ring stopping to tell Aldernau
BeckInln OF the game both men got away.